BSE Limited Rejects Waiver Request for SOP Fine Against Panchmahal Steel Ltd
Panchmahal Steel Ltd (PSL) confirmed that its request for a waiver concerning an SOP fine levied by BSE Limited has been rejected. The Regulatory Oversight and Review Group at BSE issued the Regret Letter, pertaining to non-compliance related to the constitution of the Nomination and Remuneration Committee.The fine, which includes GST, amounts to Rs. 1,32,160. PSL reported that it had subsequently paid the levied fine amount to BSE Limited.
The violation relates to Regulation 19(1)/19(2) concerning the constitution of the nomination and remuneration committee for the part period of the quarter ending March 31, 2025.
Key details regarding the regulatory communication are presented below:
| Authority | Nature of Action Taken or Order Passed | Date of Receipt of Communication | Violation Details | Financial Impact |
|---|---|---|---|---|
| BSE Limited | The company's representation for waiver of fine was rejected by the Internal Regulatory Oversight and Review Group. | July 20, 2026 (via e-mail) | Non-compliance with Regulation 19(1)/19(2) regarding the constitution of the nomination and remuneration committee for the quarter ended March 31, 2025. | Nil; The Company has paid the fine levied to BSE Limited. |
Stock Price Movement
Panchmahal Steel Ltd settled at ₹287.95 on Tuesday, posting a gain of 2.84%.The shares moved through an intraday range, trading between a low of ₹275.10 and closing near their daily high.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.